MDXHEALTH (MDXH) Stock Technical Analysis
NASDAQ:MDXH • BE0974461940
We assign a technical rating of 5 out of 10 to MDXH. Although MDXH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month MDXH has a been trading in the 3.35 - 3.80 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that MDXH is one of the better performing stocks in the market, outperforming 88% of all stocks.
- MDXH is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 521 stocks in the same industry.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- MDXH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDXH is lagging the market.
MDXH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.10
When analyzing the support we can see 2 important areas.
- Support @3.21 from a horizontal line in the daily time frame.
- A support zone ranging from 3.13 to 3.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.40 to 3.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 3.50 to 3.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.65 to 3.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.78 from a trend line in the daily time frame.
- Resistance @3.85 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MDXH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDXH is neutral. |
| ChartMill Relative Strength | 88.9 | POSITIVE | MDXH has a high relative strength, it outperformed 88.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDXH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MDXH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDXH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.89 | NEUTRAL | The RSI value for MDXH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MDXH has a negative trend. |
| Stochastics (14,3) | 27.04 | NEUTRAL | The Stochastics value for MDXH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for MDXH suggests high volalility. |
| Average Directional Index/ADX (14) | 8 | NEGATIVE | The low ADX value for MDXH suggests a weak or negative trend. |
3.4
-0.15 (-4.23%)
MDXHEALTH / MDXH FAQ
Can you provide the ChartMill technical rating for MDXHEALTH?
ChartMill assigns a technical rating of 5 / 10 to MDXH.
What is the current trend direction of MDXHEALTH (MDXH) stock?
The current trend direction for MDXHEALTH (MDXH) is Bearish.
What is the RSI signal for MDXHEALTH (MDXH) stock?
MDXHEALTH (MDXH) has an RSI value of 42.8928. This indicates that the stock is currently neutral.
What is the MACD signal for MDXH stock?
The MACD indicator for MDXHEALTH (MDXH) has a value of -0.0119363, indicating a bearish trend.
What is the support and resistance level for MDXH stock?
MDXHEALTH (MDXH) has a support level at 3.21 and a resistance level at 3.4. Check the full technical report for our detailed analysis of MDXH support and resistance levels.